Colt added more data cent capacity and announced that it has acquired the freehold of its existing 33 MVA data centre just outside London, for a cash consideration of ┬ú49 million (Ôé¼57m) plus transaction costs.

This investment will increase Colt's capacity at the site from 4,500 square metres to in excess of 10,500 square metres.

The facility has been operating successfully for over two years, providing Colt customers with top quality Tier 3 data centre space, excellent resilience and high security.

This new space is immediately available and customers will benefit from Colt's proprietary capability to build out high quality data centre infrastructure at exceptional speed and with excellent power efficiency.

Rakesh Bhasin, Colt CEO said "As part of Colt's strategy to become Europe's leading information delivery platform, this acquisition will enable Colt to help more of our customers address their growing need for high quality, long term data centre infrastructure and managed services whilst at the same time tightly managing cost and environmental impacts.

Colt is already an established quality player in this space and this acquisition re-affirms our commitment to that market."